Embracer’s Warhorse Studios to develop game set in the world of ‘The Lord of the Rings’

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The game will be set in the fictional world of Middle-earth, CEO Phil Rogers says in a post-earnings call

Warhorse Studios, owned by video game group Embracer, is developing an open-world role-playing game set in the world of The Lord of the Rings, Embracer’s chief executive said on Wednesday, May 20.

The game will be set in the fictional world of Middle-earth, CEO Phil Rogers said in a post-earnings call.

“Just thinking about one of the biggest and most beloved IPs in the world being developed here in Prague is honestly mind-blowing,” Warhorse Studios’ communications director Tobias Stolz-Zwilling said in a LinkedIn post.

The Czechia-based studio is also working on another game in its Kingdom Come: Deliverance franchise, Rogers said.

The franchise’s previous title, Kingdom Come: Deliverance II, won a BAFTA game award for best narrative and PC Gamer magazine’s Game of the Year for 2025. Its sales surpassed 5 million copies within the first year of release, Embracer said in its third-quarter report in February.

Rogers did not specify a development timeline for either of the games. Warhorse Studios declined to comment when contacted by Reuters.

Embracer said on Wednesday it was planning one more spin-off after last year’s three-way split.

Kingdom Come: Deliverance, together with Embracer’s other flagship IPs like The Lord of the Rings, will become a part of the newly formed Fellowship Entertainment, set to be listed in Stockholm in 2027. – Rappler.com